Whirlpool of India – one of the leader in the growing industry

Whirlpool of India, an Indian subsidiary of global kitchen and laundry company – Whirlpool Corporation. The company is one of the leading manufacturers and marketers of major home appliances in the country. It operates three state-of-the-art manufacturing facilities at Faridabad, Puducherry, and Pune.

Apart from the Indian market, the company also serves other countries such as SAARC and ASEAN countries. In FY22, exports accounted for ~5% of revenues.

Whirlpool of India – Report

WHY YOU SHOULD SET FIRE TO YOUR SHIPS Inability to Close Doors

Many times, we have to choose some options and that option seems to be free of cost. This is an illusion, however. They also come at a price, but the price tag is often hidden and intangible: each decision costs mental energy and eats up precious time for thinking and living.

We want to achieve everything and that ended up with nothing to us. Sometimes we need to learn to say no to the majority of things.

Investment – When we do not have an investment process then we like every stock and feel regret when we missed any. When we prepare a process, we show readiness to say no to the majority of things and accept things that fall under our process.

I have seen many investors who try to capture every opportunity, and when they cannot capture any, then they fall to regret. If we keep saying “yes” to every opportunity then we cannot smell the difference between real and fake opportunities. We cannot buy all listed stocks on the Indian stock exchange. And for that, we have to create a process that is suitable for us.  

Think hard once and then just consult your list forever, instead of having to make up your mind whenever a new door cracks open. Most doors are not worth going through, even when the handle seems to turn so effortlessly.

This entire series will be reviewed with various examples from books which are Thinking, Fast and Slow and The Art of Thinking Clearly.

WHY FIRST IMPRESSIONS DECEIVE Primacy and Recency Effects

We get more attention to what we hear, observe, and talk about first, and that work as a belief creator among us. This bias is known as the primacy effect. That’s defined by the well-known saying – “first impression is the last impression”.

The primacy effect is not always the culprit; the contrasting recency effect matters as well. The more recent the information, the better we remember it. This occurs because our short-term memory file drawer, as it were, contains very little extra space. When a new piece of information gets filed, an older piece of information is discarded to make room.

Investment – First and last both Impression matters so that when we read annual reports, many companies make it attractive to create a first impression. Later on, they try to hide the truth between the first and last impressions. We have to be very careful while we read any information rather than get biased with primacy or recency effects.

This entire series will be reviewed with various examples from books which are Thinking, Fast and Slow and The Art of Thinking Clearly.

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